FREMONT AVENUE OF FLAGS INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

VERNON GIBSON

Phone

4025414482

Tax Period

2021-05-01 to 2022-04-30

FREMONT AVENUE OF FLAGS INC, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $121K in total revenue in fiscal year 2021. The organization ran a surplus of $73K, a strong 60% operating margin.

Mission

TO INSURE THE INTEGRITY AND REMEMBRANCE OF ALL THOSE WHO HAVE SERVED AND SACRIFICED.

Program Service Accomplishments

Program 1

Expenses: $48,047

SET UP AND TAKE DOWN AMERICAN FLAGS ALONG MILITARY AVENUE IN FREMONT, NEBRASKA ON CERTAIN DAYS AND HELP MAINTAIN VETERANS MEMORIAL.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $120,644

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $120,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,047

Other Expenses $48,047

TOTAL EXPENSES $48,047

Year-over-Year Comparison

	2021	2020	Change
Revenue	$120,644	N/A	N/A
Expenses	$48,047	N/A	N/A
Net Income	$72,597	N/A	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VERN GIBSON	President	1.00	Director	$0	$0	$0
JOHN RAMSEY	Secretary	1.00	Director	$0	$0	$0
CHRIS MADSEN	Treasurer	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2022	$120,644	$48,047	$524,354	$72,597
2019	$223,486	$18,612	$494,386	$204,874
2018	$258,268	$5,652	$257,642	$252,616